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Digihost Technology Inc V.DGHI

Alternate Symbol(s):  DGHI

Digihost Technology Inc. is a Canada-based blockchain technology and computer infrastructure company. The Company is engaged in cryptocurrency mining. The operations of the Company are located in two geographic locations: Canada and the United States. The Company focuses on its network development, hosting, and mining operations supported by renewable and sustainable energy. The 90% of the energy consumed by the Company is from sources that create zero-carbon emissions, while 50% of the energy consumed is being generated from renewable energy sources. The Company operate its own power generation facilities, which focuses on using bridge power sources where available for low-carbon or renewable sources of energy by creating applications for existing power supplies and transforming the way power is used and the way blockchain is applied. The Company operates approximately 60-megawatt (MW) power plant in North Tonawanda, New York State. It operates from three sites in the United States.


TSXV:DGHI - Post by User

Bullboard Posts
Post by stock2008on Sep 20, 2019 5:22pm
160 Views
Post# 30150037

Falling Knife or chance at a rebirth

Falling Knife or chance at a rebirthI think if we vote yes, it will be a falling knife as Amar has more liabilities than assets.  He knows our company is valuable, otherwise, he would not be interested.  I think at these prices we can do it on our own and that is why I will be voting no.  We have little debt and owe Amar very little.  Amar is already making money off of us.  The only reason why he wants to take our company away from us is because he knows that we generate more money than him and at a 1:40 reverse split, and a falling knife scenario, Amar's option is way less attractive.  If it was 1:5 or 1:4, I would vote yes but 1:40 will never go for me.  You are practically giving your shares away for free and there is no guarantees after the RTO; shareholders may loose confidence and hence a falling knife.  Even if Amar gets 18 million shares post RTO and he sells all of his shares, he becomes rich and we don't get anything and the cycle continues again until  the company to amar does another rto and does the same thing.  Let's prevent this now and vote no; we could do a 1:5 reverse split bringing down the shares oustanding to about 55 million and do a PP to raise some funds, buy new mining machines, pay off existing debts and keep our current machines running until the lease is over.  This is what we should be doing.  Tell me if I'm wrong.
Bullboard Posts